AI

Forty.5 Closes $30 Million Fund for Southeast European Startups

Forty.5 Ventures has closed a $30 million (about €26 million) venture fund focused on early-stage companies in Southeast Europe, creating an additional institutional funding channel for technology startups seeking to expand internationally. The investment firm, which operates from Belgrade, Los Angeles and Singapore, will primarily invest at the pre-seed and seed stages, while retaining the option to make selective investments in the United States and Asia-Pacific. Initial investments will range from $200,000 to $1 million, or approximately €173,000 to €867,000,…